European Parliament Library

Republic of Poland :, 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Poland

This 2009 Article IV Consultation highlights that Poland’s rapid growth had begun to lose steam even before the global crisis hit. Following robust and relatively well-balanced expansion, driven by an EU accession-related investment boom and rapid credit and wage growth, economic activity began to slow down in the face of capacity constraints. Executive Directors have noted that a significant deceleration in economic activity is under way, reflecting adverse spillovers through real and financial channels. They have also commended the authorities for the timely, well-focused, and measured policy response
Table Of Contents
Cover; Contents; I. Context; II. Policy Response to the Crisis; III. Outlook and Risks; IV. The Policy Agenda; A. Setting the Stage for a Credible Medium-Term Fiscal Consolidation; B. Cautiously Easing Monetary Policy; C. Safeguarding Financial Sector Health; D. Bolstering Growth and Adopting the Euro; V. Staff Appraisal; Tables; 1. Selected Economic Indicators, 2005-10; 2. Balance of Payments on Transaction Basis, 2005-14; 3. External Debt Sustainability Framework, 2004-14; 4. Financial Soundness Indicators, 2002-09; 5. General Government Revenues and Expenditures, 2005-10
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (61 p.)
Specific Material Designation
Form Of Item

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